Takaful

Building on Bitcoin: How Yala is Transforming BTC’s Potential into A Reality

Retrieved on: 
Wednesday, January 10, 2024

Yala emerges as a visionary Bitcoin builder, claiming to have developed a mechanism poised to unlock Bitcoin's untapped billions.

Key Points: 
  • Yala emerges as a visionary Bitcoin builder, claiming to have developed a mechanism poised to unlock Bitcoin's untapped billions.
  • By building a native DeFi protocol that operates within the Bitcoin ecosystem, Yala is creating a new paradigm.
  • At the heart of Yala’s strategy is the BRC Module, a pioneering tool adopted by Yala to enable the use of Bitcoin as collateral.
  • Comprehensive DeFi Solutions: Yala introduces a range of services, including lending, decentralized clearing, and asset issuance within the BRC-20 framework.

AM Best Downgrades Issuer Credit Rating of Adamjee Insurance Company Limited

Retrieved on: 
Thursday, August 17, 2023

AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb” (Fair) from “bb+” (Fair) and affirmed the Financial Strength Rating (FSR) of B (Fair) of Adamjee Insurance Company Limited (Adamjee) (Pakistan).

Key Points: 
  • AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb” (Fair) from “bb+” (Fair) and affirmed the Financial Strength Rating (FSR) of B (Fair) of Adamjee Insurance Company Limited (Adamjee) (Pakistan).
  • The negative outlooks reflect the elevated country risk in Pakistan and its potential impact on Adamjee’s credit rating fundamentals.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

HPIL(HPIL) Announces New Executive Joining the HPIL Team

Retrieved on: 
Tuesday, June 14, 2022

"I am extremely pleased to announce the hiring seasoned executive Mr. Riz Alikhan (Riz) to help with the next stage of growth at HPIL," said Stephen Brown CEO.

Key Points: 
  • "I am extremely pleased to announce the hiring seasoned executive Mr. Riz Alikhan (Riz) to help with the next stage of growth at HPIL," said Stephen Brown CEO.
  • He returned to London in 1988 to embark on a career as a Lloyds Broker, specializing in global reinsurance risks.
  • He has held senior executive roles and board positions in several publicly listed companies in Canada and in the United States.
  • He took over the team at AAIB in 2015 to expand on the company's reach and foster growth and founded Safecrest Ltd (Takaful) in 2017.

HPIL(HPIL) Announces New Executive Joining the HPIL Team

Retrieved on: 
Tuesday, June 14, 2022

"I am extremely pleased to announce the hiring seasoned executive Mr. Riz Alikhan (Riz) to help with the next stage of growth at HPIL," said Stephen Brown CEO.

Key Points: 
  • "I am extremely pleased to announce the hiring seasoned executive Mr. Riz Alikhan (Riz) to help with the next stage of growth at HPIL," said Stephen Brown CEO.
  • He returned to London in 1988 to embark on a career as a Lloyds Broker, specializing in global reinsurance risks.
  • He has held senior executive roles and board positions in several publicly listed companies in Canada and in the United States.
  • He took over the team at AAIB in 2015 to expand on the company's reach and foster growth and founded Safecrest Ltd (Takaful) in 2017.

MoneyLion and AEON Consortium Obtain Approval for Malaysian Digital Banking License

Retrieved on: 
Tuesday, May 24, 2022

MoneyLion Inc. (MoneyLion) (NYSE: ML), a leading digital financial services and lifestyle content platform, announced that the Ministry of Finance in Malaysia has awarded a digital banking license to a consortium involving MoneyLion, AEON Financial Service Co Ltd. (AFS) (TSE:8570), a Japan-based financial group, and AFSs Malaysia-based non-bank financial service provider subsidiary, AEON Credit Service (M) Berhad (AEON Credit) (KLSE:AEONCR).

Key Points: 
  • MoneyLion Inc. (MoneyLion) (NYSE: ML), a leading digital financial services and lifestyle content platform, announced that the Ministry of Finance in Malaysia has awarded a digital banking license to a consortium involving MoneyLion, AEON Financial Service Co Ltd. (AFS) (TSE:8570), a Japan-based financial group, and AFSs Malaysia-based non-bank financial service provider subsidiary, AEON Credit Service (M) Berhad (AEON Credit) (KLSE:AEONCR).
  • The digital banking license will give MoneyLion, AEON Credit and AFS the ability to create a digital bank that will offer services which will promote financial inclusion to customers in Malaysia.
  • MoneyLion will be responsible for designing and building the banks digital finance platform using its scaled technology and data capabilities.
  • We are appreciative of being granted the digital banking license, added MoneyLion Co-Founder and Chief Technology Officer Chee Mun Foong.

AM Best Affirms Credit Ratings of Adamjee Insurance Company Limited

Retrieved on: 
Thursday, March 31, 2022

AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of bb+ (Fair) of Adamjee Insurance Company Limited (Adamjee) (Pakistan).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of bb+ (Fair) of Adamjee Insurance Company Limited (Adamjee) (Pakistan).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Performance Assessments, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

AM Best Affirms Credit Ratings of Bahrain Kuwait Insurance Company B.S.C. and Takaful International Company BSC

Retrieved on: 
Wednesday, September 15, 2021

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of a- (Excellent) of Bahrain Kuwait Insurance Company B.S.C.

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of a- (Excellent) of Bahrain Kuwait Insurance Company B.S.C.
  • (gig-Bahrain) and its subsidiary, Takaful International Company BSC (gig-Bahrain Takaful), both of which are domiciled in Bahrain.
  • The ratings also factor in lift from gig-Bahrains parent company, Gulf Insurance Group K.S.C.P., due to the strategic importance of gig-Bahrain to the group.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .

AM Best Affirms Credit Ratings of Orient Insurance PJSC and Orient Takaful Insurance Company (S.A.E.); Assigns Credit Ratings to Orient UNB Takaful PJSC

Retrieved on: 
Tuesday, June 15, 2021

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a+ (Excellent) of Orient Insurance PJSC (Orient) (United Arab Emirates), and Orient Takaful Insurance Company (S.A.E.)

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a+ (Excellent) of Orient Insurance PJSC (Orient) (United Arab Emirates), and Orient Takaful Insurance Company (S.A.E.)
  • Concurrently, AM Best has assigned an FSR of A (Excellent) and a Long-Term ICR of a+ (Excellent) to Orient UNB Takaful PJSC (United Arab Emirates), a subsidiary of Orient.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

Insights on the Takaful Global Market to 2026 - by Product Type and Region - ResearchAndMarkets.com

Retrieved on: 
Tuesday, June 1, 2021

The "Takaful Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Takaful Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
  • Looking forward, the global takaful market is expected to grow at a CAGR of around 11% during the forecast period (2021-2026).
  • Takaful is rapidly gaining momentum, particularly in the Asia Pacific and the GCC region, owing to a large Muslim population.
  • Some of the leading players operating in the global takaful market include:

Ethio Life and General Insurance S.C, Ethiopia, to Drive Digital Transformation with Beyontec Suite

Retrieved on: 
Tuesday, March 30, 2021

Ethio Life and General Insurance S.C, (ELiG) a leading composite insurer in Ethiopia, providing innovative life and non-life insurance products in the country has signed up Beyontec Suite, a core insurance solution from Beyontec, to transform its operations to digital.

Key Points: 
  • Ethio Life and General Insurance S.C, (ELiG) a leading composite insurer in Ethiopia, providing innovative life and non-life insurance products in the country has signed up Beyontec Suite, a core insurance solution from Beyontec, to transform its operations to digital.
  • By adopting Beyontec Suite, and the Beyontec portal solutions, Ethio Life and General Insurance S.C company will soon be able to offer the full range of its products online, while managing higher quality risks and improved customer engagements.
  • Beyontec Suite, the shrink-wrapped, cloud-based core insurance solution meets the current and growing needs of the insurance business.
  • Beyontec Solutions is a global insurance solution provider, addressing all aspects of insurance business including general insurance, takaful, life insurance, medical insurance and insurance broking.